Chinese-owned social media giant TikTok’s parent company, Beijing-based ByteDance, saw its operating losses more than triple last year to above $7 billion. Meanwhile, the company spent heavily to continue its growth.
An “unrealized loss” means that the market value of a security has dropped, despite the product having not been sold.
Their purpose was never to be profitable. It was to skim data and infect the telecom system with a vast number virus infected phones that can be taken over by the CCP
Good!
Let them go down.
I wish we knew which it was, for months we hear about tiktok taking over, now we hear they're losing so much. It would be good for the world if the latter was true. As always, never buy anything made in china. Don't ever trust a democrat and NEVER leave your child alone with one
China is fine taking a loss. It's not about the money for them.
How is this? I thought TT was very popular
Surveillance is expensive.
should use it non politically and kindly, not to push a divisive agenda
Good!
Is TikTok spying on me watching Elyse Myers’s videos? I only follow her and PostMalone on TickTock, literally. 2 people. That’s it.
That’s ok. They aren’t in for the money. It’s about subversion, influence and manipulation
Excellent 👍🏻
Now … let’s finish the job
Dangerous
Deserving!
How can one company lose 7 Billion and stay in business?
He even looks like a Chinese Zuck. The ccp is so shrewd. The congress are not trustworthy. This is propaganda. There’s one TikTok for China and one for western cultures
Nice start
I guess the data they’re harvesting and the propaganda they’re spreading make the loss worth it
Good. TikTok needs to be gone.
How sad. Not really.